Stifel analyst Selman Akyol maintains $Aris Water Solutions (ARIS.US)$ with a buy rating, and adjusts the target price from $20 to $26.
According to TipRanks data, the analyst has a success rate of 69.5% and a total average return of 10.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Aris Water Solutions (ARIS.US)$'s main analysts recently are as follows:
Aris Water Solutions has shown structural operating expense reductions and careful capital expenditure management, which contributed to its improved financial performance and free cash flow, enhancing the company's flexibility in capital allocation. The company's third-quarter results confirmed this positive trend with a performance that exceeded expectations. However, the company's significant year-to-date share price appreciation may lessen new investor interest compared to its benchmark index.
Aris Water Solutions' Q3 results exceeded expectations, and the company increased its 2024 EBITDA outlook. The outlook for Aris remains favorable, with the potential to continue producing substantial free cash flow and the ability to return additional capital to shareholders.
Aris Water Solutions experienced a strong quarter, with third-quarter results and fourth-quarter guidance surpassing the consensus. Despite this performance, the viewpoint remains neutral, as the significant rise in stock value post-quarter is believed to already reflect the enhanced growth prospects.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
